It riles energy officials that the Philippines was reported earlier this month as among countries with coal dependency greater than that of China and Indonesia and ostensibly among the world's largest consumers of the resource.
The Department of Environment and Natural Resources (DENR) on Wednesday said the Philippines was elected as host country of the Board of the Fund meeting as response to loss and damage due to climate change.
The Department of Transportation (DOTr) targets to hold the Laguindingan International Airport upgrade and operations project to a Swiss Challenge in August.
The Philippines' trade deficit widened in May to USD4.6 billion from USD4.4 billion in the year-earlier period as the decline in exports, led by lower sales of electronic products, was magnified by a margin decline in imports.
Local electricity supplier Rockport Power Inc. has partnered with Filipino manufacturer King Global Sanitary Products to supply energy for its operations.
The National Power Corp. (NPC) has signed an agreement with Climate Smart Ventures (CSV) to create a framework for carbon credits, aiming to support the Philippines’ shift to a low-carbon future.
The Department of Finance (DOF), Bureau of the Treasury (BTr), and Bangko Sentral ng Pilipinas (BSP) announced that Philippine peso-denominated government bonds will be included in J.P. Morgan’s Government Bond Index – Emerging Markets (GBI-EM) starting January 29, 2027.